Linden Thomas Advisory Services LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,912 shares of the retailer's stock after acquiring an additional 2,985 shares during the quarter. Linden Thomas Advisory Services LLC's holdings in Walmart were worth $3,767,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of WMT. Norges Bank acquired a new position in Walmart during the 4th quarter valued at $5,737,355,000. GAMMA Investing LLC grew its holdings in shares of Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after purchasing an additional 7,860,306 shares during the last quarter. Northern Trust Corp grew its holdings in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares during the last quarter. APG Asset Management N.V. grew its holdings in Walmart by 1,707.6% during the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock worth $324,410,000 after acquiring an additional 3,512,368 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Walmart by 48.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock worth $882,282,000 after acquiring an additional 3,182,477 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Walmart
In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares in the company, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the sale, the executive vice president owned 630,518 shares in the company, valued at approximately $62,421,282. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,711 shares of company stock worth $13,710,319. 45.58% of the stock is owned by company insiders.
Walmart Price Performance
NYSE:WMT traded down $0.50 during trading hours on Friday, reaching $94.36. 14,577,628 shares of the company's stock were exchanged, compared to its average volume of 18,101,512. The company has a market capitalization of $753.03 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 4.66 and a beta of 0.68. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The business's 50-day simple moving average is $97.19 and its two-hundred day simple moving average is $94.48.
Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Dividend Announcement
The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.
Analysts Set New Price Targets
WMT has been the topic of a number of analyst reports. KeyCorp increased their price target on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Tigress Financial lifted their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Stifel Nicolaus decreased their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Raymond James Financial reduced their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $106.67.
Read Our Latest Analysis on Walmart
Walmart Company Profile
(
Free Report)
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
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